Audit Blasts Another Federally Funded Battery Maker For Misuse Of Taxpayer Funds
Agent009 submitted on 2/13/2013 Official Bell & Ross Timestamp: 4:05:29 PM
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A Michigan-based company slated to produce lithium-ion polymer batteries for electric vehicles has instead kept production overseas, has failed to meet job
detroitnews.com/article/20130213/AUTO01/302130423/1148/rss25#" class="itxtnewhook itxthookactive" style="font-weight: normal; font-size: 100%; font-style: normal; text-decoration: none; border: 0px none transparent; padding: 0px; background-color: transparent; background-image: none; display: inline;">targets outlined in a $150 million grant from the federal government, and has been reimbursed by the government for $842,000 in wasted work time, according to a U.S. Department of Energy Special Report released Wednesday.
The DOE says Holland, Mich.-based LG Chem Michigan misused part of a $150 million in American Recovery and Reinvestment Act funds and has decided not to shift production from its plant in South Korea to Michigan. It painted a stark picture of wasted U.S. federal dollars.Read Article